Business | Sep 29

NTT Docomo to invest $415 mil. in metaverse business

TOKYO, Sep 29 (NHK) - Major Japanese mobile phone carrier NTT Docomo says it will spend 60 billion yen, or about 415 million dollars to fully enter the metaverse market.

The metaverse is a virtual space where users interact in a computer-generated environment.

A new subsidiary, NTT Qonoq will provide entertainment-related services such as virtual live performances. It will also offer metaverse space to other companies.

NTT Docomo aims to make the projects a key new revenue source. Growth in the mobile phone business has been sluggish due to Japan's declining population.

The company plans to work with a range of partners to provide a variety of content.

Source: ANNnewsCH

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